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Education in Mumbai

In: Business and Management

Submitted By 187210389
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Education in Mumbai

Mumbai is a major hub for business and education. Mumbai is one of the urbanized capital and centre of academic excellence as it gained the status of National Institute of Importance. Universities in Mumbai provide quality education. Literacy rate is found to be high in Mumbai.

International Institute For Population Science, Svkms Nmims University and University of Bombay are three main university located in Mumbai.

These three universities off undergraduate, post-graduate and doctorate level education in various fields. Universities in Mumbai are doing two modes in delivering the education such as traditional as well as distance learning programs.

Multinational companies are setting up hundreds of R&D centres across these countries to tap into the large local supplies of research. This will improve competitiveness, boost productivity and enhance technological innovation in EMEs in order to achieve strong economic growth.

Political environment

R&D in Mumbai assessed include business conditions, physical infrastructure, IT infrastructure, financial institution and government support(Nair,2004). Mumbai encourage R&D industry in terms of Technical support, the establishment of the High-tech Development Zone, financial support (Bilbao, Soumitra & Bruno,2013). India then was in a situation that it had joined the WTO but did not fulfil its legal.This will lead to a Industrial concentration. For longterm, it will create industrial advantages.

Economic environment

Over the last few decades, the expenditure on R&D has a repaid grow.The total investments on R&D in Indian has a grater volatility from 40,000 million in 2007 to over 800,000 million in 2012.

Innovation and Technology

The innovation of information technology often happened within companies and their borders(Gary&Izak,2013). In addition, individuals may have of adopting an information technology (IT) innovation also.Technology can increase productivity in various of industry.Mumbai has a competitive advantage compared to other cities which has advanced information technology industry(Gary&Izak,2013). For the development of information technology industry, technological advantage can help keep industry has a competitive advantage. James(1974) mentions that, the expectation for further research on innovation will be to devise an operational model to account for interfirm and interindustry differences.In addition, defining the scope of scientific innovation and whether it has to be social or business oriented, also evaluating the influence of society and culture in the innovation process.

Competitive environment

Research and innovation has a intense competition.Technological change is rapid.Each country is committed to the development of scientific and technological innovation. This is because Research and innovation play a important role in communication field, national defense construction, health care and Agricultural production(Bilbao, Soumitra & Bruno,2013).

Ethical dimensions of analysis

The transformation factor implies that technology innovation has transformed the ways in which things are done.It has made things simpler and improved the quality of life in Mumbai.however, some problem here are debating the relation between private investments in scientific research and the violation of ethics, moral and social values that occur sometimes.

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